Comments on: "As Is" Means "As Is"

By: Iain Smith

Iain Smith — Thu, 16 Oct 2008 17:53:56 +0000

Wow you are on a rollercoaster ride with this one … Glad they saw sense in the end.

By: itswendy

itswendy — Wed, 15 Oct 2008 19:35:03 +0000

Susan, Your agent must make your position clear. You are correct- your timeline shouldn’t start until you have a contract. You might also provide a memo from your lender.

By: itswendy

itswendy — Wed, 15 Oct 2008 16:29:20 +0000

Sue- Thanks for your thoughtful comment. I think a lot depends on the negotiator. Some are simply lazy, and won’t think beyond the company line. Can’t stand that!

By: Sue Botelho

Sue Botelho — Wed, 15 Oct 2008 16:15:34 +0000

Wendy, It is amazing to me how convoluted and confusing short sales are getting. We have some that Countrywide picked the title company (In Louisiana and property is in Pace) and put a $100 per diem if not closed in time and due to the title company, we aren’t able to close. It was a HUGE fight to get them to waive that and pay for an extension fee for the lock in since it all stemmed back to the title company (they told us that they worked their closings in order of closing date and told me to NOT email them at all until we were within 5 days of closing! I needed some information from them as the buyer was getting SHIP funds and they refused!) It’s a lot of fun, isn’t it??!! Glad this one worked out for you. I think the media is scaring a lot of people when it should be telling them that NOW is the time to buy!